Silver 4 Hour Price Update
Updated June 24, 2020 03:18 PM GMT (11:18 AM EST)
Silver came into the current 4 hour candle up 0.9% ($0.16) from the open of the last 4 hour candle, marking the 6th candle in a row it has gone up. Silver outperformed all 5 assets in the metals asset class since the last 4 hour candle. Congrats to its holders!
Silver Daily Price Recap
Silver closed the day prior up 0.9% ($0.16); this denotes the 6th day in a row an upward move has occurred. Silver outperformed all 5 assets in the metals asset class since the day prior. Congrats to its holders! The daily price chart of Silver below illustrates.
Silver Technical Analysis
Volatility for Silver has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Silver’s price has gone up 8 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Silver for the past day were:
- From SchwartzyXRP:
@Compass_Crypto I sent him a direct message, trying to get both. I actually tried getting @ConnieS93097511 1 but they both sold in 2 minutes of it being posted. Perfect example of people paying silver price x5 for some of this stuff. If any more pop up, I’ll see if I can hook ya up after Connie
- From sstraussss:
@258Capital @MarcGH4 @ocieaja @oztradamu @Locieocie I think you are right silver at $20+ should see $ARD push to 5c given peer comparison to $SVL Big hits at Kempfield increasing the JORC could take us a lot higher Just need announcement the drill is spinning and Silver price to play ball
- From martinhgg1:
@TraderPamplona That tweet from me was my way of explaining why I wasn’t worried about the weakness in silver price yesterday. Silver stocks sent a clear message in my view.
For a longer news piece related to XAGUSD that’s been generating discussion, check out:
Financial news and actionable analysis Silver price is up by more than 1.10% today as investors react to a bullish call by Goldman Sachs on Friday….In the same note, the analysts said that silver price would hit $22 per ounce in the next three years….Silver price faces an uncertain times because of inflation.